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miner peabody energy about the demand for coal and what that demand says about the global economy and his business. >> coal markets are heavily reliant on electricity demand, which is a surrogate for gdp, and for our met lurjical coal it's steal production. and with europe soft, and the u.s. not getting traction, and now china softening, we've already begun to slow down our production base. we may see more of that across the industry over the next quarter or so, and until we see economic activity getting back to where it used to be. >> do you keep one eye on the price of natural gas. how high to natural gas prices have to go. >> there's prices critical to us. our biggest platform is in the powder river basin in the western u.s. that price is 2.50 if we're above now. the illinois boivin stsz $3 gas. and the east coast that gas competitive price is 4.50. internationally, there's no competition with gas, because it's priced so high that coal is the competitive fuel except in >> where is the customer demand going to come from, considering the regulatory issues in the u.s. when it come
to the fiscal cliff, it will increase to 20%. sylvia hall, nbr, washington. >> tom: energy is one of those political issues that is part economic and part foreign policy. and it plays out every day in the trading pits. november crude oil futures settled at $91.37, down nearly half a percent. we continue our series "politics and the pits" with erika miller and oil trader john netto, president of m-3 capital. tomorrow, we continue "politics >> how are traders in general viewing the election? >> well, the election is opinions aside, and no entity. obama is ahead. all the polls in the key states, the battleground states, obama has a lead as well. the markets discounted an obama win, and as a result, this bullish for risk, and for oil as well. >> how high do you continuing crude could go? >> i think $96, $97. not because of an obama victory, but because of bifurcation economically around the world. oi. the split side, what happen fist we can have a romney victory. >> i think oil rallies in either case. if romney wins, it rallies more, because romney victory is risk conducive which would send oi
board. 1.74 billion on the nasdaq. the energy sector powered today's selling, dow0.9%. technology and financial sectors continued lower, down 0.8% and 0.7% respectively. as market excitement has died down over the latest federal reserve effort to stimulate the economy, oil prices have cooled off. oil fell below $90 per barrel for the first time since early august. in the latest week, the amount of foreign oil imported into the u.s. was down to its lowest level since december. and refineries cut back, fueling concerns about weaker demand. big energy stocks exxon and chevrobo fell about 0.5%. they both traded at multi-year highs just last week. the worries about global energy demand have hit the energy service providers. halliburton was down 2.4% today, and its off more than 9% in less than two weeks. discouraging comments from electronics contractor jabil circuit weighed on the tech sector. late yesterday, the company reported disappointing results, blamed on weak demand in most of its businesses. shares fell 9.9%; volume jumped more than five times as the stock closed at its lowes
.e.o. at peabody energy. >> tom: the presidential election is only 43 days away. traders and investors are watching the race closely because the outcome will help determine the direction of the economy and financial markets. all this week well be talking to traders in the trenches to get their views on how politics influence the markets. today, erika miller spoke with jonathan corpina, a trader at the new york stock exchange. >> to the presidential election is only about six weeks away. how are traders in general viewing the election? >> it's a very interesting time right now. and if you look at our current election and the process, it's a tight race. every week the numbers cope changing. but not by that much where there is an outright expected winner at this point right now. so the uncertainty of how this election is going to pan out is somewhat helping this market. i think it's keeping more people in this market. >> reporter: you were on the floor four years ago. how does the mood today compare to back then. >> you know, the mood, i think, is a little bit different. the times are different, times
at cattle prices, i look at grain prices and that is that why is it that we ignore the food and energy component of cpi? so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the word ethanol has turned into a pejorative and it's not exactly the most positive topic. i just don't know that turning food into gasoline is necessarily what we want to be doing in the long term. >> reporter: and it affects this market? >> you bet it does. as corn prices go up cattle prices go up. simple as that. that's an input cost to feeding cattle is corn, so you've got to take cattle prices higher to offset that. >> reporter: thanks very much. >> you bet. >> tom: a quiet ending to the third quarter for stocks the ma
0.6%, and the energy sector rising 0.5%. in the consumer staples sector, it was a couple of food stocks topping the gains. tyson foods may have benefited jpmorgan is named because it bought br stearns ashat instment bank was collapsing four and a half years ago. shares of jpm up 1.2% during the regular session it did see a little selling pressure in extended hours trading this is a single complaint alleging fraud. in the consumer staple sector it was a couple of food stocks topping the gains. tyson foods may have benefited from the american farm bureau responding to rumors of a bacon shortage last week. the farm group calls bacon shortage baloney. tyson saw heavier than usual volume with today's 4.3% rally. this is its highest price since july. and kraft foods fished at new gh on its last trading day as a combined company. after the cle tonight, the company officially splits in two. its snack business, stuff like oreos, will be under the mondelez name. cheese and meats stay under the kraft title. kraft's replacement in the dow jones industrial average, united health group, turned
.6%. then, it was energy and materials, both closely tied to the global economy, up 1.3% and 1.2%, respectively. the biggest percentage gainer of the dow industrials was general electric. the company slightly increased its forecast for revenue growth, even as the global economy remains choppy. that kind of optimism helped shares jump 2.9%. g.e. said its industrial businesses are gaining momentum. the shares certainly have been. tonight, they're at their highest price in four years. meantime, struggling dow industrial stock intel found buyers, up 1.9%. earlier this week, it traded at its lowest price this year. intel unveiled a new semiconductor for tablets, counting hewlett-packard, dell, and samsung among its customers. intel has been criticized for not moving faster into the tablet space. tomorrow is the end of the calendar third quarter, but we're seeing a handful of companies turn in their fiscal quarter results. discover financial found more customers were using their charge cards. earnings were stronger than expected acustomers used their discover cards more and credit ca
Search Results 0 to 32 of about 33 (some duplicates have been removed)